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	<title>Financial Standard Comments - Chief economist update: It's the money, stupid</title>
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The S&P 500 Index closed at a new all-time high overnight on the back of bullish headlines. At the same time, the probability of a US recession in 12 months' time has dropped from a 12-year high. But why?
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	<link>https://www.financialstandard.com.au/feed/latest?story=148028260</link>
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	<language>en-AU</language>
	<copyright>Copyright 2026 Financial Standard</copyright>
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